Fidus Investment Corporation (NASDAQ:FDUS) Stock Position Lowered by TrueMark Investments LLC

TrueMark Investments LLC decreased its position in Fidus Investment Corporation (NASDAQ:FDUS - Free Report) by 85.3% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 11,462 shares of the asset manager's stock after selling 66,333 shares during the quarter. TrueMark Investments LLC's holdings in Fidus Investment were worth $234,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. ORG Partners LLC bought a new stake in shares of Fidus Investment in the 1st quarter worth approximately $29,000. Transce3nd LLC bought a new stake in shares of Fidus Investment in the 4th quarter worth approximately $32,000. Promus Capital LLC bought a new stake in shares of Fidus Investment in the 4th quarter worth approximately $43,000. Millstone Evans Group LLC bought a new stake in shares of Fidus Investment in the 4th quarter worth approximately $77,000. Finally, Private Advisor Group LLC bought a new stake in shares of Fidus Investment in the 4th quarter worth approximately $203,000. Institutional investors own 28.14% of the company's stock.

Fidus Investment Stock Down 0.4%

Fidus Investment stock traded down $0.07 during mid-day trading on Wednesday, hitting $19.81. 185,968 shares of the company's stock traded hands, compared to its average volume of 207,130. The firm has a 50 day moving average price of $19.70 and a 200 day moving average price of $20.71. The company has a market cap of $688.00 million, a PE ratio of 8.47 and a beta of 0.93. Fidus Investment Corporation has a one year low of $16.70 and a one year high of $23.55.

Fidus Investment (NASDAQ:FDUS - Get Free Report) last announced its earnings results on Thursday, May 8th. The asset manager reported $0.54 earnings per share for the quarter, beating the consensus estimate of $0.53 by $0.01. The firm had revenue of $36.50 million for the quarter, compared to the consensus estimate of $35.61 million. Fidus Investment had a return on equity of 11.48% and a net margin of 52.59%. On average, analysts expect that Fidus Investment Corporation will post 2.28 earnings per share for the current fiscal year.

Fidus Investment Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 25th. Shareholders of record on Friday, June 13th will be paid a dividend of $0.54 per share. This represents a $2.16 annualized dividend and a yield of 10.90%. The ex-dividend date of this dividend is Friday, June 13th. Fidus Investment's payout ratio is currently 73.50%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on FDUS. B. Riley began coverage on Fidus Investment in a report on Tuesday, May 13th. They issued a "buy" rating and a $22.00 price target on the stock. LADENBURG THALM/SH SH raised Fidus Investment from a "hold" rating to a "strong-buy" rating in a report on Friday, May 9th. Finally, Keefe, Bruyette & Woods cut their price target on Fidus Investment from $21.00 to $20.00 and set a "market perform" rating on the stock in a report on Tuesday, April 8th.

About Fidus Investment

Fidus Investment Corporation is a business development company. It specializing in leveraged buyouts, refinancings, change of ownership transactions, recapitalizations, strategic acquisitions, mezzanine, growth capital, business expansion, lower middle market investments, debt investments, subordinated and second lien loans, senior secured and unitranche debt, preferred equity, warrants, subordinated debt, senior subordinated notes, junior secured loans, and unitranche loans.